Capital markets news | Mon 20 May 2024
Equity
- Kawan Renergy’s IPO oversubscribed 95 times Edge Star
- M&A Securities underwrites BWYS ACE Market IPO Edge Star
- SC approves NationGate’s transfer to Main Market Edge
- ACE Market-listed Pappajack seeks transfer to Main Market Edge Star
- Nearly 1/3 of Malaysians prone to investment scams Edge
- UPS taps Goldman Sachs to manage USD43.4b pension funds Edge
- Goldman has FOMU Edge
- Foreigners sell Vietnam securities amid political turbulence Edge
Projects and business
- ITMAX secures RM105.3m variation order from DBKL Edge NST Star
- Petronas’ Suriname discovery approaching 400m barrels Edge
- Sarawak Cable has alternative white knight to Serendib Edge
- Epicon gets RM50m structural reinforced concrete works contract Edge NST Star
- PPB Group to invest RM327m in film segment over 5 years Edge
- Malaysian funds’ investment in cancelled Osram project protected NST
- DC Healthcare to expand to Sabah, Sarawak by year-end NST
- MFM allocates RM300m to improve grain, poultry operations Star
- Rapidus last opportunity to put Japan back on global chip map Mail
- Saudi Aramco signs MoUs with US firms for low carbon solutions Mail
Economy and market news
- Malaysia’s GDP up 4.2% in 1Q2024 Star
- MIDF sticks to 4.7% GDP growth for Malaysia Mail
- RHB sees Malaysia’s growth above 5% in 2Q2024 Mail
- Malaysia’s economy resilient amid consumption, tech and tourism Mail Star
- Malaysia’s headline inflation to remain moderate at 2-3.5% this year Mail
- Malaysia and Russia sign tax agreement Star
- Malaysia overtakes Thailand as Asean’s 2nd-biggest auto market Mail
- Airfares can only keep rising due to supply chain problems Edge
- IEA warns of green energy mineral shortage due to underinvestment Mail
- China unveils new policies to stabilise crisis-hit property sector Mail Star
- China cuts mortgage rates, downpayment to boost demand Star
- China’s factories fire up but consumer, property weakness persists NST
- Chinese firms invest in green jet fuel Star
- Euro zone yields up after ECB’s Schnabel cautious on post-Jun rate cuts Mail
- India-Russia trade spike not temporary phenomenon Mail
- Russian oil pipeline could run alongside new gas link to China Mail
- Bank of Japan in no rush to sell risky assets Mail
- It’s a tribal world we live in Star
Legal and policies
- SC working overtime to combat spread of scams Star
- Ho Hup’s property development unit applies for judicial management Edge
- Dutch firm initiates arbitration against Destini for unpaid invoices Edge
- GIIB unaware of forged interim financial statements Edge Mail Star
- Russia froze Deutsche Bank, UniCredit assets in Gazprom JV case Edge
- Crypto lender Genesis to return USD3b to customers in bankruptcy Edge
- Shanghai eases data-export curbs sought by Tesla, other firms Edge
- EU could fine Microsoft over missing AI risk data for Bing Edge Mail NST
- UK imposes sanctions over Russia-North Korea arms-for-oil trade Mail
